Slightly positive territory for some of the averages right now. The dow though is down ten points. About five off the s p 500. 1750 is the level. The nasdaq sitting just above the 4,000 mark off 20. Speaking of moment of truth, twitter with its first Quarterly Results since going public due to hit within the hour. Investors will get their first real look at the numbers. Well see if they justify a stock price thats now up more than 150 since that initial Public Offering here that we remember so well. We will get you those full results right after the bell. And were not finished with earnings either. Disney also reports. A big bellwether for the economy and bob iger will be joining us here on the closing bell as soon as the numbers are released. Twitter and disney, two very Important Companies reporting in this jittery market right now. And lets remind people where we sit. After a series of losses to start out the year and after the worst start to a february in some time, we look a littl
Than 10 from its ipo price. Well look into why the Popular Video game not so popular on wall street. They have 100 million users, so we were talking about this earlier. Its clear those 100 million users didnt buy the stock. Not such a fan. Investors questioning whether they can do another hit among other things. Also a brawl over bitcoin. Silicon valley icon Marc Andreessen takes on of all people investing icon Warren Buffett calling him an old white guy who doesnt get tech, and i think Warren Buffett would agree with him. But fets negative view of bitcoin is what got under Marc Andreessens collar. Well get more reaction from those harsh words. Also turns out american exceptionalism extends to drug prices, and that drugs seem to cost more here in america than virtually anywhere else in the world. But why is that . Well get you some answers, tell but whats being done about it. Lets get you caught up how the trading again, this trading pattern has been very familiar. A rally on the open,
We were down three out of the last four days. Going away. Isnt it tuesday, or wednesday already . This is tuesday. Actually an update. A down day so far. Were off the lows of the session right now, but this could be nothing if you believe david leonard, and he says its overvaluations from the market and the headline in his column use the word bubble, and it lays out why stocks are expensive once again and david will join us to make his case on that. Yes. That is coming up. One stock that isnt nearly as expensive as it was at the end of the year is twitter. Its getting hammered today, down more than 10 . Just a few months ago, again, trading above 70 a share. Now around 32 and sinking 16 today, so what is going on with twitter. The lockup ended. Yes, indeed. Well find out for you. Talk a little bit more about who the sellers are and if theres any more value. We have a fleury of major earnings coming out in about an hour that could move the markets for tomorrow. Disney is the biggest of
Rates. But also, promising that the administration will take action without congress if need be. Well ask a top House Democrat out of maryland about all this and will there be comprehensive tax reform to encourage companies to stay put in this company. Very much a thorny issue. Still with us by now. This time tomorrow theoretically we will know what apples new products are being introduced and it is at the iphone 6 . Is it the iwatch . Something else their sleeve . Payment system . Were they a hit with public and investors . Today a closer look at what apple needs to do to impress shareholders and customers and the bar is set very high. Yes. Lets start with that sector. Its the nasdaq out performing fractionally lower off by a point or two. The s p 500 is a weak link down and hardly call it a link. Thats the broad market index. Down almost half a percent today and something to did with the weakness across brept crude and the metals, as well. The blue chips off a quarter of 1 and just b
Certain big funds were selling some tech stocks to raise cash to buy twitter. Tonight and tomorrow so the nasdaq was down 8 points and s p 500 up 7. 5 points. Very close to its alltime high as well. Meanwhile, the dow crossing a fresh alltime high and s p ending near a record of its own. Bob pisani anybody expecting this strong of a day today . What was behind it . You know this is a very weird day, because youre right. The dow is at an all taif im high and look around and say, gee, everything must be doing great anticipate thats not the case. We had some very odd dislocations. Put up the full screen. The bledsoereadth was poor, flat at the nyse. May have been negative towards the end. Big cap texts, oil, Consumer Staples moving but all the big momentum name, bio tech got hit badly. Why i find it a strange day. Put up the major indices, look at this dow up 124 point, nasdaq down, the transports are down, 0. 7 . Thats a little strange. Normally you dont see that. If in terms of what was